Apr 13, 2019 | Economics / Financial, False Profits, Individual / Social Impact, PSA in the Media
News and feature articles on “multi-level marketing” are now a distinct genre in the media. I should know. I am frequently interviewed for them. I and several colleagues play a small (about two sentences usually) but essential part in the MLM-genre....
Jan 22, 2017 | False Profits, News, Pyramid Scheme Politics
Perhaps the clearest and most direct indicator of what is coming in America for pyramid scheme law enforcement and consumer protection occurred in recent week before the inauguration of president-elect, Donald Trump. Regulation and consumer protection are poised for a...
Jul 30, 2010 | False Profits, Individual / Social Impact, PSA in the Media
Since the book, False Profits, was published in 1998, scores of journalists, including CBS 60 Minutes, Wall Street Journal, London Times, BBC and many daily newspapers, each have conducted interviews and presented news stories, feature articles or radio and television...
Mar 4, 2010 | Economics / Financial, Ethics, False Profits
Consumers often ask: Even if multi-level marketing companies are pseudo-businesses, pyramid schemes and financial traps, couldn’t they run legally if they just disclosed how they are structured and operate, the actual financial loss rates, the quitting/turnover rates,...
Feb 24, 2010 | Economics / Financial, False Profits, Legalities and Laws
Until recent years, to “prove” that an endless chain income or sales scheme was a fraud only required explaining that it was in fact an endless chain. In other words, endless chain schemes were understood to be “inherent” frauds. They are not good businesses gone bad...